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AUD/USD: Weekly and monthly pivot point and signal – for June 24 – 29, 2013
June 24, 2013 4:30 pmVideo
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The AUD/UDS has reached the minimum of 2010. This pair is starting to worry investors. A few months ago when all other pairs were falling against the dollar it was strengthening. However, the story has changed, the fact that it has reached monthly support levels shows that the recovery of the pair is on the way. Given that the price of gold has stopped falling is favoring this pair. So watching the weekly chart, we note that the Aussie is trading below weekly pivot point of 0.9341. If there is resistance in this area, we recommend selling the pair with objectives to the first weekly support of 0.9042. On the other hand, if a daily close above the W_PPV is observed, you have to purchase with objectives to 0.9549 and further up in the medium term to 0.9818. Therefore, we believe that the next signal will be valid for this week.
Signal for June 22 – 29, 2013
Sell short if pullback is around 0.9341 with take profit at 0.9042 (W_S1) and stop loss above 0.94.
Buy if it closes daily charts above 0.9345 with take profit at 0.9519 and 0.9818 (W_R2) and stop loss bellow 0.9300.
_____WEEKLY_____
Weekly – R3 = 0.9996
Weekly – R2 = 0.9818
Weekly – R1 = 0.9519
Weekly Pivot = 0.9341
Weekly – S1 = 0.9042
Weekly – S2 = 0.8864
Weekly – S3 = 0.8565
_____MONTHLY____
Monthly – R3 = 1.0978
Monthly – R2 = 1.0679
Monthly – R1 = 1.0125
Monthly Pivot = 0.9826
Monthly – S1 = 0.9272
Monthly – S2 = 0.8973
Monthly – S3 = 0.8419
If you would like to get this indicator, feel free to contact me via skype: gerardofx or e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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